DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Dräger increases investments to support mid-term growth
10.11.2017 (www.4investors.de) -
DGAP-Ad-hoc: Drägerwerk AG & Co. KGaA / Key word(s): Forecast
Drägerwerk AG & Co. KGaA: Dräger increases investments to support mid-term growth
10-Nov-2017 / 18:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc notification in accordance with Sec. 17 of the MARDräger increases investments to support mid-term growth
The executive board of the Drägerwerk Verwaltungs AG as the general partner of the Drägerwerk AG & Co. KGaA decided today to increase investments in order to support growth in the midterm.
In 2016, a year of consolidation, with successful execution of a cost-cutting program, net sales fell 1.5 percent (net of currency effects). In 2017, net sales are set to grow by 0 to 3 percent (net of currency effects), with an EBIT margin between 5 and 7 percent.
For 2018, the company expects to see stronger net sales growth (net of currency effects) of 2 to 5 percent. With the decision to increase investments, this development is also expected to continue in the medium term. To make this growth possible, the company is focusing on continued strict cost management while making even greater targeted investments in R&D and IT projects, as well as specific expertise in sales, especially in the US. These targeted expenditures will slightly reduce profitability on a temporary basis. The company anticipates an EBIT margin between 4 and 6 percent in 2018 and probably also in 2019.
10-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
+49 (0)451 882-0
+49 (0)451 882-2080
DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9
555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart, Tradegate Exchange
End of Announcement
DGAP News Service
628129 10-Nov-2017 CET/CEST
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